REPORT TO THE CITY COUNCIL December 6, 2018 FROM: WILMA QUAN-SCHECTER, City Manager Office of the Mayor & City Manager SUBJECT ..Title Approve an Exclusive Negotiation Agreement with Tutelian & Company, Inc., for North Fulton Mall Development Opportunities ..Body RECOMMENDATION It is recommended Council approve an Exclusive Negotiation Agreement with Tutelian & Company, Inc., for North Fulton Mall Development Opportunities. EXECUTIVE SUMMARY This agreement will grant Tutelian & Company, Inc., an exclusive negotiation period of 270 days to reach agreement on mutually-acceptable terms for development of the North Fulton District. BACKGROUND The Exclusive Negotiation agreement with Tutelian & Company, Inc., for North Fulton Mall Development Opportunities will grant Tutelian & Company, Inc., an exclusive negotiation period of 270 days to reach agreement on mutually-acceptable terms for a Disposition and Development Agreement and related documents for development of the North Fulton District. The City Manager may extend the negotiation period for an additional 180 days. ENVIRONMENTAL FINDINGS N/A LOCAL PREFERENCE N/A FISCAL IMPACT This item has no direct fiscal impact. ATTACHMENT: North Fulton Mall Exclusive Negotiation Agreement